Chart of the Week

With risk retention rules on the horizon, monthly new CLO issuance has slowed considerably.

Counterintuitively, recent data from an S&P study show recoveries for first-lien term loans improved only modestly with additional debt capital…

Halfway through the 4Q, middle market deals are showing sharp increases in both leverage and yield. Source: Thomson Reuters LPC;…

After a strong September, new deal volume eased and demand jumped, creating better technicals in the broadly syndicated market. Source:…

Middle market CLO volume $5.5 billion year to date; full year total may fall short of 2014. Source: Thomson Reuters…

Issuance of private subordinated debt capital has steadily grown since the credit crisis, though last quarter was off the prior…

The number of risk rating downgrades in the corporate sector has hit a five year high – worst since the…

Supply/demand imbalance among unitranche providers continues to keep one-stop pricing below that of junior capital. Source: Lincoln’s proprietary database of…

Since early 2014 high-yield default rates have more than doubled, while the same metric for loans remains below 1.5%. Source:…

Cash leaving loan funds has slowed, but still sees nine consecutive weeks of $4 billion outflows.